Bitcoin Unlimited Announces Research Grant Program

The team behind a long-contentious proposal to upgrade the bitcoin protocol has announced it is making new funding available for research.

In a blog post today, the Bitcoin Unlimited team revealed it has “several hundred thousand” dollars available to fund work it believes will help restore “Satoshi’s vision” for a global peer-to-peer digital cash system.

The statements reflect criticisms of Bitcoin Core, the protocol’s dominant development team, who have pushed to implement top-level networks that extend bitcoin’s functionality without altering its current blockchain rules. Bitcoin Unlimited, by contrast, promotes the idea of on-chain scaling that would boost the number of transactions that could be settled directly on the blockchain, but bring additional consensus changes.